Student Loans

What Happens To Student Loans If You Withdraw – How I Paid Off $225,526 in Student Loans in 2 Years

what-happens-to-student-loans-if-you-withdraw-how-i-paid-off-225526-in-student-loans-in-2-years

What Happens To Student Loans If You Withdraw – Highest Rated?

Refinance Your Student Loans – APPLY TO BOTH to compare rates!
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Watch the detailed version of how I paid off my loans here: https://youtu.be/_BuogisOlLc

Download my free Budget & Expenses tracker: https://bit.ly/3aTYOrJ
Download my free Net Worth tracker: https://bit.ly/2U5UOOR

I graduated from law school with over $200,000 in student loans. I finished paying off the student loans in under 2 years, but only through following the 4 steps I outline in this video. If I hadn’t followed these 4 steps, I’m pretty sure I would still be making the minimum payments on my student loans. I know that student loans are something that many people have to face, which is why I wanted to share the ways that helped me to pay off the loans faster. These 4 steps are truly applicable to everyone, regardless of your income level, so I hope you find these helpful. If you have student loans or debt of any kind, know that I’m rooting for you! I’ll have more videos on student loan specific topics in the future, so be sure to subscribe and hit the notification bell!

This was not the focal point of this video, but I did want to mention that I refinanced my student loans with SoFi. If you’re interested, using my referral link will get you a $100 cash bonus: https://erikakullberg.com/sofi Refinancing isn’t necessarily the best option for everyone. Please leave a comment if you have any questions about refinancing!

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➤ Refinance Your Student Loans – APPLY TO BOTH to compare rates!
🎓 SoFi – (Exclusive) https://erikakullberg.com/sofi (you’ll get a $100 bonus after signing up by using my link!)
🎓 Earnest – (Exclusive) https://erikakullberg.com/earnest (you’ll get a $100 bonus after signing up by using my link!)

Others refinancing options:
Credible: https://www.pubtrack.co/9BZP33C/8CWLMG/
Splash Financial: https://www.pubtrack.co/9BZP33C/B34MN4/

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7) 💸 Download the budget & expenses tracker or the net worth tracker I created
Free Budget & Expenses tracker: https://bit.ly/3aTYOrJ
Free Net Worth tracker: https://bit.ly/2U5UOOR

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➤ OTHER RESOURCES
8) 📧 For other resources, check out my website
http://www.erikakullberg.com/resources

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About ME:
Hello! My name is Erika Kullberg. I’m a lawyer by profession, but my passion is personal finance. After I graduated, I had over $200,000 of student debt, so I made it my mission to dive into everything personal finance-related, so I could equip myself with the tools to pay off the student loans as quickly as possible. I ended up paying them off in under 2 years, and now it’s my passion project to share with you all of the strategies I’ve used to pay off my student loans, increase my net worth, credit card hack (travel on points), invest, house hack (invest in real estate), build passive income streams, and more. I hope you’ll join me—I’ll have a new video with filled with valuable personal finance tips every Tuesday!

📮 LET’S CONNECT!
SUBSCRIBE to my channel
https://www.youtube.com/channel/UCoSw1rKMkCbwzKpkC0OjRKA?sub_confirmation=1
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Instagram
https://www.instagram.com/erikankullberg
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Facebook
https://www.facebook.com/erikankullberg/
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Website
http://erikakullberg.com
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NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).

Disclaimer: I am not a financial advisor. Although I am lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

#studentloans #debt #payingloans

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23 Comments
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23 Comments

  1. RCDriver10
    July 25, 2021 at 2:25 am

    Debt is complete slavery. I am trying to pay off my mortgage aggressively.

  2. Kristina Phillips
    July 25, 2021 at 2:25 am

    Erika, you are such an inspiration. Thank you for doing what you do.

  3. Matt Holloway
    July 25, 2021 at 2:25 am

    College is scary😟 things I wish I knew before I got into college. Prayed for everyone in debt including myself and I finally came across Mr Looper who paid all my student loans . Thanks to LUXURYHACKS🎡NET

  4. Dollya K
    July 25, 2021 at 2:25 am

    That is a huge amount of debt, you must be so proud of yourself!

  5. rayva1
    July 25, 2021 at 2:25 am

    If it’s federal student loans, you could also serve with AmeriCorps while in forbearance until the completion of your service term and receive an end of year award that can either go towards paying down student loans or used as tuition towards education.

  6. Jay Winstrand
    July 25, 2021 at 2:25 am

    Erika Kullberg, everything about you, and everything about your journey thus far, your struggles, what you have achieved, is simply astonishing, and, super amazing! I am so proud and excited for you! The most amazing part, though, is how humble you remain, how honest and transparent that you are, but most of all, the zest and passion that you have, to get out their, and chase your dream, with no holds barred. Get it gurl!!! Just completely blown away, every time I watch one of your videos! It all makes perfect sense, and you provide such in depth detail on everything, bullseye, you hit the mark every time! I just want to thank you for being an enormous inspiration to me, and the entire world. Please, never quit, the world needs as much of you as they can get! ~Jason Winstrand

  7. Brian R
    July 25, 2021 at 2:25 am

    My wife and I paid off our first house on my 32nd birthday. And just sold it and bought a farm…. so now we are back at it thinking of how to do it again. It was truly by the grace of God we did it the first time. And it is certainly encouraging to hear you talk about doing this to give us the courage to do it again.

  8. Eric McDowell
    July 25, 2021 at 2:25 am

    Great job Erika. I was "lucky", … I had an athletic scholarship (tennis and basketball) that paid for my room and board, and all I had to do was pay for books, etc. I also had a student work/study job (as well as saving the money from my summer jobs), and when I got out of college, all I had was a "small" government loan (that I paid off slowly at 3% interest), and a local bank loan, that I paid off immediately after I got out of college.

    Then, on top of that, I paid off my home 9 years after I bought it, and recently bought a new Silverado, that I paid off in less than a year. It is great to be "debt free".

  9. James Santiagovsky
    July 25, 2021 at 2:25 am

    very inspiring video.

  10. marby
    July 25, 2021 at 2:25 am

    Hello! Thank you for your video! How much did you pay each month to get rid of your 200k school loans in 2 years?

  11. Rehan Jawaid
    July 25, 2021 at 2:25 am

    You graduated from law school and you were about to start your first job in this field but you didn't know what "forbearance" meant?

  12. Mitch
    July 25, 2021 at 2:25 am

    Tip 4 is right on the money 💰 I’ve had that mindset and with a entry level job, I’m saving 300-500 a month. I will continue living like this until my goals are reached!

  13. Professor D
    July 25, 2021 at 2:25 am

    Hi Erika. I want to thank you for being so open about your student loan debt. I find your information extremely helpful and motivating. I find you very beautiful, extremely smart and possess one of the biggest hearts I've come to see in quite some time. Thank You. I look forward toward your future videos. Please don't stop being so sweet and caring.

  14. jimidean corncracker
    July 25, 2021 at 2:25 am

    225,526 dollars in debt for "law school" and they didn't teach you what a grace period or forbearance meant? I would ask for a refund

  15. Nunu Rats
    July 25, 2021 at 2:25 am

    Your family was assuredly rich going in. Quiet your ass up.

  16. Caroline Kelly
    July 25, 2021 at 2:25 am

    I think this shows that even being a professional doesn't mean you will automatically understand your own financial situation. Being very conscious of your finances and actually making a plan are so key, regardless of what you do or how much you make.

  17. kennydunk
    July 25, 2021 at 2:25 am

    Damn she has a ring

  18. Franz Yanagawa
    July 25, 2021 at 2:25 am

    Nice!!! I paid 255K in 1.5 years!! Medical school… crazy…

  19. Dave
    July 25, 2021 at 2:25 am

    Wow! Thank you for not whining for the government to pay it off for you!

  20. Jackz
    July 25, 2021 at 2:25 am

    This has absolutely NOTHING to do with paying off student loans, but why in the world did that spaghetti have absolutely NO marinara in it?! 5:58

  21. jr
    July 25, 2021 at 2:25 am

    How much I save from no school

  22. Mira
    July 25, 2021 at 2:25 am

    Can you do a video like this on paying off student loans with lower incomes?

  23. Edward Zabala
    July 25, 2021 at 2:25 am

    I'm so very happy for you! Great job on paying this off so quick!